Over the last couple of weeks there hasn’t been a lot of action in the markets. We continue to see very tight trading ranges that are likely due to the low volume. But more importantly the markets are now dealing with the background noise of the second half of the fiscal cliff negotiations — the debt ceiling.
Lets go to the charts …
Bonds Trending Lower
Bonds remain in a downtrend from their record high in price late last year and the record low in yields. And the cycles in the bond market are telling me that bond prices could plunge quite sharply in the weeks ahead
Click here to read the full article …
EDITOR’S PICKS
“Currency Wars” heating up again! What it means for you! by Mike Larson In the immediate aftermath of the 2007-2009 credit crisis and economic collapse, policymakers the world over locked hands and came up with ways to fight it together. Monetary and fiscal policy worked in concert to get things back on track. Covenant Missionary Baptist Church CU first credit union failure 2013 by Weiss Ratings JUPITER, Florida (January 15, 2013) — On Monday, January 7, regulators closed New Covenant Missionary Baptist Church Credit Union, Milwaukee Wisconsin. This marks the first failure for 2013 (including conservatorships). The Next Great Bubble about to Collapse by Martin D. Weiss, Ph.D. Senator Orrin Hatch warns that the bubble has the power to “destroy the retirement savings of millions of Americans.” |
THIS WEEK’S TOP STORIES
Markets at New Highs: Two ETFs to Consider on a Pull Back! by Mike Burnick Generally upbeat results so far this earnings season continue to propel stocks higher with the S&P 500 Index reaching a new post-credit crisis high above 1,485 to start this week. Why Now Is the Time to Invest in the Land of the Rising Sun by Tom Essaye There has been a tremendous focus on the Japanese economy and the Japanese yen since former Prime Minster Shinzo Abe regained power in December. Most of the attention has been on his determination to break the back of deflation, which has been a decades-long problem in Japan. The truth about the payroll tax cut … by Nilus Mattive I can’t believe how much airplay the expiration of the payroll tax cut is getting, and how utterly wrong the mainstream media’s focus is on the whole matter |